It can happen to the best of us. In a fast changing world, the degrees and skills that were in demand yesterday might not be worth a whole lot tomorrow. Globalization has been causing mass changes the labor market and it’s possible that you have found yourself laid off or downsized, and that you no longer have the right qualifications to land a good job.

One option is to go back to school, but if you are an older adult, you should closely consider your options before investing the time and money it takes to secure a college degree. We certainly don’t want to discourage you from getting a degree, we just want to make sure that you consider what to study and where to study at.

If you are going to make a career change, a college degree is a great option for doing so. Before you sign up for a degree, however, you should ask yourself some questions. Where do your strengths lie? What type of degree can make use of your previous work experience, but will also open the doors to new job opportunities?

Let’s say you are an electrician but the factory you worked at has closed down and now you are having trouble finding a job. So what should you do? You could consider going back to school to be an electrical engineer.

With all the efforts to upgrade the energy grid and the revolution currently taking place in the renewable energy field, electrical engineers are in demand and the pay can be very high. At the same time, you’d be able to apply all of the knowledge you picked up as an electrician to your new career.

Another thing you need to pay attention to is the cost of getting a degree. Check out tuition prices, first and foremost, but also make sure you pay attention to costs of books, lab fees, and other things. These extra costs can add up very quickly. Usually, your local community colleges and/or state universities will offer the best value, but that isn’t always the case, so make sure you do some research.

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEEDor EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEEDor EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂